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Ministries of Investment and Supply Reorganized

Ministries of Investment and Supply Reorganized

The Egyptian Cabinet has approved the reorganization of two main ministries: the Ministry of Investment and Foreign Trade, and the Ministry of Supply and Internal Trade. The aim of these modifications is to improve the performance of both ministries by clearly defining their responsibilities, thereby enhancing efforts to encourage investment, promote foreign trade, facilitate domestic trade flow, and ensure the availability of goods. Additionally, the reforms include developing policies and implementation plans in line with sustainable economic development goals. The adjustments also involve establishing and managing affiliated entities and agencies for each ministry, with a focus on strengthening the competitiveness of the economic environment, encouraging both local and international investment, and developing the healthcare infrastructure by supporting the project to expand vaccine production in collaboration with the European Credit Fund. This initiative seeks to reduce reliance on imports and achieve self-sufficiency.

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